Strategic Wealth Partners Ltd. boosted its holdings in shares of Enbridge Inc (NYSE:ENB – Free Report) (TSE:ENB) by 9.3% in the 2nd quarter, Holdings Channel reports. The firm owned 179,866 shares of the pipeline company’s stock after buying an additional 15,378 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Enbridge were worth $9,751,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Enbridge by 6.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 187,911 shares of the pipeline company’s stock worth $10,187,000 after buying an additional 11,392 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Enbridge by 35.5% in the second quarter. Quantbot Technologies LP now owns 95,853 shares of the pipeline company’s stock valued at $5,196,000 after buying an additional 25,109 shares in the last quarter. Varma Mutual Pension Insurance Co increased its holdings in shares of Enbridge by 1.5% in the second quarter. Varma Mutual Pension Insurance Co now owns 444,261 shares of the pipeline company’s stock valued at $24,083,000 after buying an additional 6,700 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Enbridge by 32.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 44,804 shares of the pipeline company’s stock valued at $2,429,000 after acquiring an additional 11,052 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Enbridge by 72.8% during the 2nd quarter. Ieq Capital LLC now owns 37,596 shares of the pipeline company’s stock valued at $2,038,000 after acquiring an additional 15,843 shares during the last quarter. 54.60% of the stock is currently owned by institutional investors.
Key Enbridge News
Here are the key news stories impacting Enbridge this week:
- Positive Sentiment: US Capital Advisors upgraded Enbridge from “hold” to “moderate buy,” signaling improved confidence in the company’s risk-reward profile at recent valuation levels. Zacks.com
- Positive Sentiment: US Capital Advisors raised its earnings forecasts across several periods. Estimates increased to $0.43 per share for Q3 2026, $0.61 for Q4 2026, $0.48 for Q2 2027, $0.46 for Q3 2027 and $0.69 for Q4 2027. Its FY2027 forecast rose to $2.41 per share from $2.24, above the current full-year consensus of $2.11. These revisions suggest expectations for stronger earnings momentum. MarketBeat analyst estimates
- Positive Sentiment: Enbridge’s long dividend-growth record remains attractive to income investors. The company has increased its dividend for 31 consecutive years, and the recent share-price pullback may improve its yield and valuation appeal. Enbridge dividend analysis
- Neutral Sentiment: Some analysis suggests Enbridge is fairly valued after generating roughly a 93% total return over five years, limiting the potential for near-term multiple expansion despite its infrastructure cash flows. Enbridge valuation analysis
- Negative Sentiment: Risks include weaker second-quarter results, elevated leverage and competition. Enbridge has a roughly CAD 41 billion secured growth backlog, but competing egress pipelines could pressure volumes on its Mainline System, which contributes about one-third of EBITDA. Debt-to-EBITDA of approximately 5.1 times also exceeds the company’s preferred range and leaves earnings more exposed to interest costs. Enbridge growth backlog and Mainline risks
Enbridge Price Performance
Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last posted its quarterly earnings results on Friday, July 31st. The pipeline company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The business had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same period last year, the company posted $0.65 earnings per share. Equities research analysts expect that Enbridge Inc will post 2.11 EPS for the current fiscal year.
Enbridge Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.97 dividend. The ex-dividend date is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 7.7%. Enbridge’s dividend payout ratio is presently 147.06%.
Wall Street Analyst Weigh In
ENB has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Enbridge in a report on Wednesday. Raymond James Financial downgraded Enbridge from an “outperform” rating to a “market perform” rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Enbridge in a research report on Monday, May 11th. Wolfe Research set a $50.00 price target on Enbridge in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada lifted their price target on Enbridge from $79.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.00.
Check Out Our Latest Analysis on ENB
About Enbridge
Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.
The company serves customers primarily in Canada and the United States and has interests in other international energy projects.
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